XRPs Bullish Run Continues: Is $4 Within Reach?
- XRPs strong bullish trend continues with no correction in sight, driven by solid indicators and investor confidence.
- Long-term investors are holding XRP, expecting higher prices, which maintains upward pressure on the coins value.
- Santana predict XRP could challenge $3 soon, with potential for a surge toward $4.44 before any major retracement.
The uptrend in XRP price is still strong in the eyes of analysts, and many of them believe that the coin will not only maintain the growth in the near future but will also continue to do so for the longer period. In a recent X post, the trader Alan Santana pointed out that there are no indications of a correction on the chart; it remains strongly bullish. The chart for XRP remains green across the board; trading volume is strong and indicators are positive, which suggests that the cryptocurrency is well placed to rise further.
XRP Bulls Maintain Control
The current chart on XRP/USDT is rather stable and indicates the gradual growth of the token. It has been on an upward trend since then, with a series of green candles showing bulls are in control of the market. The failure of price to retrace shows that the current trend is still valid and there are no signs of reversal anytime soon.
The first reason which led to the growth of XRP is the behavior of long-term investors. The analyst stated a large number of coin traders keep their holdings and do not sell at current levels, rather they choose to sell when price will be even greater. This long-term approach ensures that the pressure on the price of the coin continues to rise, since investors continue to believe that the real value of Ripple coin has not been fully realized.
Support Levels Key to Growth
The analysis also pointed out that the price is expected to rise further provided that XRP does not break through certain support levels. A slight pull back in the daily chart did not hamper the bullish outlook. If token is to break the $2.36 price mark, then it could signal further rise in price within the coming days. At the time of writing, XRP is at $2.42 which means it has risen by 6.43% in the last one day.
Source: TradingView
In the coming days, Santana predicted that the token may test the $3 level, and could surge as high as $4.44 before any significant retracement. The market situation for token still looks good, and there are no signs of a significant price decline soon. For now, as long as these support levels remain intact, the cryptocurrency is expected to Rally further and possibly reach new high prices in the next few weeks.
Read more: https://www.tronweekly.com/xrps-bullish-run-continues-can-it-reach-4-soon/
Text source: TronWeekly
